M16S / ESAF Small Finance Bank / ESAF INORI RuPay Platinum Credit Card
entry · cashback, lifetime-free, upi
ESAF INORI RuPay Platinum Credit Card
The ESAF INORI RuPay Platinum Credit Card charges no annual fee and no joining fee. Its base return is 1.25% (1.25% cashback on all bill amounts (product page wording)). The forex markup is 2.5%. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 1.25%
- Forex markup
- 2.5%
- Interest
- 3%a month
Apply on esaf.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | MITC: no joining fee, no annual fee, add-on card free. |
Rewards
| Reward currency | Cashback |
|---|---|
| Base earn | 1.25% cashback on all bill amounts (product page wording) |
| Base return | 1.25% |
| Point value | Cashback adjusted against next statement balance |
| Caps | Not stated |
| Spends that earn nothing | Not stated; MITC says cashback applies at eligible merchant categories that the bank may change at its discretion |
| Reward notes | base_return_pct = 1.25% as stated on the bank product page; no cap or exclusion list published, so real return may be lower. |
Travel and perks
| Forex markup | 2.5% |
|---|---|
| Fuel surcharge waiver | Waiver on fuel spend up to Rs 40,000 per calendar month, no single txn above Rs 8,000 |
| Other freebies | Personal accident and permanent disability cover up to Rs 2 lakh; 24/7 concierge; RuPay merchant offers (product page) |
Charges and eligibility
| Interest per month | 3% |
|---|---|
| Late payment fee | Rs 500 flat, once per statement cycle; 3-day grace |
| Cash advance fee | 5% or Rs 500, whichever is higher; cash limit at bank discretion |
| Eligibilityunverified | Not stated on bank pages |
| Fine-print notes | MITC v23 (updated May 2025): daily finance charge 0.1% (3% per month, 36.5% APR); interest-free period 20-50 days; minimum amount due 10% of total due; rent payments carry 1% surcharge and are capped at 40% of credit limit per month; return payment charge 2.5%; lost card replacement Rs 500; physical statement Rs 50; card suspended at 14 days overdue, permanently blocked at 60 days. MITC gives no cashback rate, cap or exclusion list; the 1.25% figure is from the product page only. MITC section on insurance says 'currently not applicable' while the product page advertises cover up to Rs 2 lakh. Launched Aug 2024. UPI tag assumed from RuPay network, not stated by the bank. A 5% fuel cashback campaign (cap Rs 250) ran 25 Jun-25 Jul 2026 for dormant cards only. |
Questions
- What is the annual fee of the ESAF INORI RuPay Platinum Credit Card?
- No annual fee.
- What is the forex markup on the ESAF INORI RuPay Platinum Credit Card?
- 2.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the ESAF INORI RuPay Platinum Credit Card?
- Not stated; MITC says cashback applies at eligible merchant categories that the bank may change at its discretion